Archive · 14 Aug 2025
Blackstone Executive Sees Opportunities in Private Credit's Growth
Imagine companies need money, but instead of going to a regular bank, they get loans from special groups like Blackstone.
This is called private credit.
It's like a direct deal.
These loans often give a higher return than regular bonds, around 10%.
People like Brad Marshall at Blackstone are helping regular people invest in these private loans, making it easier to diversify their investments.
The industry is growing, but it needs to be done carefully, and people should pay attention to where the economy is going.
Sectors like software and healthcare are currently attractive areas for investment.
Blackstone executive Brad Marshall discusses the growth of private credit and its potential.
Private credit involves direct financing solutions to companies, offering customized solutions.
Marshall highlights the transparency and diversification benefits of private credit funds accessible to individual investors.
Private credit yields about 10% long term due to factors like high-yield loans and low operating expenses.
Marshall identifies attractive sectors, including software, professional services, and healthcare IT.
- Who
- Brad Marshall, global head of private-credit strategies at Blackstone.
- What
- Discussion of the growth, opportunities, and risks associated with private credit.
- When
- Interview conducted in July 2024.
- Where
- New York City, at Blackstone's headquarters.
- Why
- To understand the current state of private credit and its potential for investors.
Critics of Private Credit
Supporters of Private Credit
Accessibility
Critics of Private Credit
Democratizing private credit could be problematic.
Supporters of Private Credit
Private credit offers higher returns for investors and provides access to diversified assets.
Economic Outlook
Critics of Private Credit
The slowing economy could make it harder for businesses to repay loans.
Supporters of Private Credit
The economy currently shows a good runway for continued growth in the credit cycle.
- Company
- Blackstone
- Executive
- Brad Marshall
- Assets Under Management
- $184 billion (overall), $73 billion (BCRED)
- Private Credit Yield
- About 10% long-term
- Default Rate
- Less than 10 basis points in 20 years